This is going to be a very quick rant on exchanges and margin trading. I LOVE leverage when I feel confident. I started crytpo trading as a highschool dropout living with parents with less than $1000 to invest on August 1st. I made a very risky trade on Kraken selling both my BTC and BCH and going in all BCH neart $200 and selling at near $700
So I'm pretty risk tolerant and I always do my research well. I've lost a bunch of money margin trading and I've done better in my gains than losses. I've done all these on Kraken and I'm so damn disappointing, annoyed and theoretically enraged. Why? The damn site doesn't work.
I have to attempt 10 times to log into the site.
If 1 in 10 orders goes through; It's called a miracle.
If 10 orders consecutively went through without errors, I'll be checking Al Jazeera for news on the Second Coming of Christ.
I wouldn't talk about charts because I use Tradingview anyways.
EOS and XLM still doesn't have USD pairs.
Amidst all, the current 24 Hour volume is $589,224,536
The only reason I'm using the site is for leveraged trades on ETH. I've been buying ETH at X5 margin with my full margin level since $458 to $705 and boy I'm glad. But I'm also enraged. I had to try over 1000 times to make those trades and lost many more potential gains thanks to orders not processing through.
The site worked fine when it was doing $200,000,000 a day. I assume they haven't upgraded the infrastructure. Binance on the other hand has gone from 80 million USD volume to 1920 million USD volume in ~3 months and they've been adding more and more coins and features on top of trading competitions.
So if any veteran knows what's going on this is your time to speak up. Why is Kraken so stupid and careless despite starting off as a fiat ready trusted high volume (at the time) exchange. Since Aug 1st there has been ZERO development with the site.
I'm Purely in for the X5 leverage on ETH/BTC and X2 leverage on ETC. I use other exchanges for most my tradings. So what are my options? What does the great steemit community know about crypto margin trading? Let me know in the comments below.
For the rest of you: Kraken is only for margin trading. Keep out for all other reasons. Binance is the best Centralized Exchange which also pay me GAS for my NEO. These guys also started a referral program. For the first time I'm putting it on the internet cause exchanges like Kraken needs to learn from exchanges like binance that have tons of features and work to give better service each day in 7 languages.
https://www.binance.com/?ref=10102736
Happy trading and Happy steeming!
